Mastercard Q1: Adjusted EPS Beats, $1.87T Purchase Volume, $419.68B Market Cap

Mastercard reported its Q1 2024 earnings with an adjusted EPS of $3.31, surpassing the expected $3.23, while the reported EPS was $3.22, slightly below the forecast of $3.23. The company posted a revenue of $6.3 billion, narrowly missing the anticipated $6.34 billion. Notably, Mastercard's purchase volume reached $1.87 trillion, slightly below the estimate of $1.89 trillion. The company also reported an 18% increase in cross-border volumes, which is higher than the expected 17.1%. Additionally, the operating margin was reported at 56.8%, below the expected 58.3%. The company's market cap is valued at $419.68 billion.